Industry OverviewNashville is recognized, both nationally and internationally, as a health care industry capital and is well known for nurturing dynamic, innovative health care companies. The health care industry in Nashville impacts not only the local economy and how health care is delivered here, but also helps shape the national and international health care landscapes. Following are some key facts about Nashville’s health care industry: The Nashville health care industry contributes an overall economic benefit of nearly $30 billion and more than 210,000 jobs to the local economy annually. Globally, 56 health care companies headquartered in Nashville generate more than $62 billion in revenue and nearly 400,000 jobs.* More than 250 health care companies have operations in Nashville and work on multi-state, national or international basis, with more than 300 professional service firms (e.g., accounting, architecture, banking, legal) providing expertise in the health care industry, according to Nashville Health Care Council data. Seventeen publicly-traded companies are located in Nashville with combined employment of more than 145,000 and revenue of nearly $26 billion globally. The health care industry is Nashville’s largest and fastest growing employer, directly employing 110,000. With a 50 percent increase from 1995 to 2008, clinical provider job growth in Nashville has outpaced the nation and Tennessee. A survey of Nashville Health Care Council member CEOs shows great confidence in the Nashville market; 95 percent indicated that a Nashville headquarters location is important to their company’s success. * Only companies with more than $500,000 in revenue and at least 100 employees are included in this analysis.
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